Bitcoin Update | Is bitcoin following 2023 chart?

1. Aug.

Bitcoin Update

(Weekly-TF)

Is bitcoin following 2023 chart?

In 2023,

-Major Supply was 223K-25K, 2 Times rejected from there.
-In Q1, BTC brokeout the Resistance/Supply!
-BTC pumped 16K to 31K. Almost +90% pumped.
-Flipped the supply & tested it 2 times as a support.
-Total '7 Months consolidation : 30K to 25K
-BTC formed a mega bullish ''Flag Pattern''
-Flag brokeout in Q4 (Oct Month)
-Started the 3rd wave bull rally in Q4.

In 2024,

-Major Supply : $63-57k, 2 times rejected from there.
-In Q1, BTC brokeout the Resistance/Supply!
-BTC pumped 39K to 74K. Almost +90% pumped.
-Flipped the supply & tested it 2 times as a support.
-Total 5 Months consolidation till now : 70k to 60k
-BTC forming a mega bullish Flag Pattern!

what next? 🤔

Like 2023,
- btc may consolidate 2 more months of Q3 (Aug-Sep)
- we may see the Flag will breakout in Q4 (Oct Month)
- will start the 5th wave bull rally in Q4

It is just a speculation, there is no guarantee that what happened in the past will happen in the future. #DoYourOwnResearch

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